Average rents on the new residential segment in Bucharest dropped by 6% in semester I of the year, compared to the same period of 2020, according to an analysis made by the real estate consulting company SVN Romania, according to which the residential market resisted very well to the shock produced by the pandemic, while the rental sector was strongly affected. The present occupation degree of those a;apartments is 90%, over 9,700 units being rented by tenants for medium- long term, that is for at least 6 months. On the overall, over 55,000 lodgings were have been completed since 2018 to the present day, according to INS statistics and SVN Romania estimates. Over 5,500 lodgings have been purchased by investors, representing 10% of total sales. Of them, about 45% were resold , the rest being offered for rental in order to obtain a long term profit. On the average, rents for the new residential segment in Bucharest dropped by 6% in semester 1, 2021 compared to the same period of 2020. For the next 12 months, a linear evolution is estimated taking into account both results recorded by local economy and the immunization degree and the return of employees to office buildings, since the beginning of the academic year. On the average, a new two room apartment located in Bucharest is rented for 250-350 euros for the mass market segment, with 450-600 euros for the middle market segment, a new three room apartment is rented for values between 600 and 900 euros while a villa can be rented for 750 euros on the average.
Inter Computer Romania, part of Inter Computer Group (ICG), one of the largest IBM Platinum partners in Central and Eastern Europe, announces reaching €5 million in signed projects for 2025, an indicator of the accelerating demand for digitalization, data security, and AI-ready infrastructure initiatives. The company continues the development strategy announced at the beginning of […]
IT Genetics, a Romanian technology company specialized in digital automation and operational efficiency solutions for businesses, announced this week its intention to list on the AeRO market of the Bucharest Stock Exchange in Q1 2026. Upon admission to trading, the company’s shares are expected to be listed on the AeRO market under the ticker “ITG”. […]
Romania’s population could reach 14.36 million people in 2080, down from slightly over 19 million in 2025, which would mean a reduction of 4.6 million people, or almost a quarter of the population, according to an analysis carried out by the National Institute of Statistics (INS) in the study ‘Projection of Romania’s active population by […]
Daniel Băluță, the Social Democrats' (PSD) candidate for the general mayor elections in Bucharest scheduled for December 7, and the independent candidate supported by isolationist party AUR, Anca Alexandrescu, lead in the voting intentions of Bucharest residents, separated by only 0.1% percentage points, according to an opinion poll conducted by the AtlasIntel institute for
Grampet–GFR owner Gruia Stoica has signed a joint venture agreement with Chinese rolling stock manufacturer CRRC Shandong to develop a new freight wagon factory in Hungary, industry sources told Club Feroviar. The agreement was concluded last week during Stoica’s visit to China, according to the publication. ...
The Romanian government is examining amendments to the Oil Law that would allow the Trident offshore perimeter in the Black Sea, held 87.5% by Lukoil, to return to state ownership or be taken over by project partner Romgaz, which holds the remaining 12.5%,
